Powergen Set to Offer
Benchmark Eurobond

Dow Jones Newswires

Updated May 25, 1999 12:01 a.m. ET

LONDON -- Powergen U.K. PLC, the chief operating subsidiary of Powergen PLC, is set to offer a euro-denominated Eurobond of benchmark size next week, subject to market conditions, bankers close to the deal said.

Deutsche Bank AG and Paribas are the mandated lead managers. A benchmark issue is typically 500 million euros ($529 million) or...